SOURCE: Salamon Group, Inc.

March 13, 2012 09:54 ET

Salamon Group, Inc. (SLMU) Agrees to Acquire Additional Sunlogics PLC Share Position

LAS VEGAS, NV--(Marketwire - Mar 13, 2012) - Salamon Group, Inc. ("Salamon" or the "Company") (PINKSHEETS: SLMU) (OTCQB: SLMU) is pleased to announce that it has agreed subject to certain condition to acquire another shareholder group's interest of common equity of Sunlogics PLC. This additional position when completed will bring Salamon Group, Inc.'s holdings of Sunlogics PLC up by 9 million shares.

Michael Matvieshen, CEO, states: "We are very pleased with the interest from Sunlogics PLC shareholders and their desire to become part of Salamon Group continues to grow. We believe these additional positions complement our desire to build shareholder value, while allowing us to take yet another step in building our business to reflect industry leadership in the global solar marketplace. Ultimately we believe Salamon Group through additional acquisitions of shares will be best positioned to gain control of Sunlogics PLC at some point, if so desired."

Salamon Group, Inc., through its Sunlogics Power Fund Management, Inc. division, is a solar energy project company specializing in renewable energy power projects. SLMU has a "first right contract" for acquiring Sunlogics PLC and its subsidiaries projects worldwide, including the GM projects.

For further information, contact William Nalley, Orsay Groupe, Inc.- 305-515-8077 and/or visit: www.sunlogicspowerfund.com and www.sunlogics.com

SLMU cautions that statements made in press releases constitute forward-looking statements, and makes no guarantees of future performances and actual results/developments may differ materially from projections in forward-looking statements. Forward-looking statements are based on estimates and opinions of management at the time statements are made.

Contact Information

  • Contact:
    Mr. William Nalley
    Orsay Groupe, Inc.
    Email Contact
    305-515-8077